Advance Accounting

19/07/2026

Capital profit is:
A) Profit from normal operations
B) Profit from sale of fixed assets
C) Loss from operations
D) Expense 💯🆗✔️🚫❓✍️

18/07/2026

Which principle records assets on book value
1-Historic principle
2-going concern
3-non 🚫✔️✍️❓💯

17/07/2026

How much does value for a firm to prepare income statement at time.plz experts 🚫👌✔️✍️❓💯

16/07/2026

Working capital = 4000 CL=10,000 → CA?
A) 14000
B) 15,000
C) 5,000
D) 20,000 🆗✍️💯❓✔️

14/07/2026

A person paying tax will be classified as
1-Taxpayer
2-Auditor
3-investor

13/07/2026

Inventory turnover =
A) Sales / stock
B) COGS / stock
C) Profit / stock
D) Asset / stock 🆗✔️💯✍️

12/07/2026

Asset Rs. 20,000, life 5 years → Depreciation?
A) 4,000
B) 2,000
C) 3,000
D) 5,000

11/07/2026

Consigner give 5000 to consignee and more 2000 of extraordinary performance.Delcreder commission is
1-5000
2-2000

10/07/2026

Contingent liability is:
A) Actual liability
B) Possible liability
C) Asset
D) Income 🆗❓💯✔️

09/07/2026